Interserve Share Discussion Threads

[unclejr] 21/3/2018 21:06

OMG I woke up to this news and what a surprise! This is way better than any deal I had imagined.

I see on short tracker that a lot of shorts closed out yesterday...presumably during the closing auction?

Now that the company has a clear runway and great management I can see some great consolidation over the next 12-24 months. Not to mention the fact that their main competitor is out which should see margins revert back to industry norms.

Based on my valuation models this is an absolute steal below 1.50 so I will be aimin to accumulate up to this point. No chance I am selling this below £3 as there is just too much long term value here imo.

[feileb] 21/3/2018 20:53

Good evening GG, Cc2014 and kat girl

Today's rns was obviously not a significant milestone

Just fake news like you suggested
Probably not even a meeting today!

Close your shorts or heads in the sand

Have a good evening;-)

[nigelpm] 21/3/2018 20:47

I think it's an amazing deal, they have basically charged us £17m in shares to put deal through, a fraction of what I expected,

Where are you getting £17m from?

I make it number of shares in issue x 20% i.e. 145m x 20/80 = 36.25m additional issued shares at 87p = £32m

And that's just the warrants i.e. before all the arrangement/additional financing fees.

[eodfire] 21/3/2018 20:44

Where's fenners tonight? He must be washing his hair.

[losses] 21/3/2018 20:43

Hope you closed your short!

[eodfire] 21/3/2018 20:43

"These companies always swing around wildly in the death throes." - General george yesterday. Whoops.

[aendjo] 21/3/2018 20:36

I would be happy with 500m. My coronaries are better, for sure. Except I’m falling in love with Debbie.

[csmwssk12hu] 21/3/2018 20:32

I think it's an amazing deal, they have basically charged us £17m in shares to put deal through, a fraction of what I expected, they will make a lot of money and do will existing shareholders, will be a billion pound company again soon imho dyor

[da vinci1] 21/3/2018 20:31

Absolutely Aendjo. I trust your coronary especially are in much better shape now! I know mine are! Good Luck!

[aendjo] 21/3/2018 20:25

I think 200p plus post dilution is a conservative target here.

[da vinci1] 21/3/2018 20:16

The consensus view is the financial agreement announced today exceeds most people's expectations. The remaining Bears/Shorts are the nouveau Contrarians. There's bound to be a plethora of BROKER UPGRADES over the coming days/weeks with much higher TARGET PRICES! Holders will reap their rewards!!!

[da vinci1] 21/3/2018 20:15

The consensus view is the financial agreement announced today exceeds most people's expectations. The remaining Bears/Shorts are the nouveau Contrarians. There's bound to be a plethora of BROKER UPGRADES over the coming days/weeks with much higher TARGET PRICES! Holders will reap their rewards!!!

[whoknowswhoknowswhoknows] 21/3/2018 20:05

Hmm. Putting my sentiment head back on, this is a great deal. I've already cancelled my job interview. The road to recovery is long, only holders thinking about going long will win now.
Did I mention I'm in long?

[nigelpm] 21/3/2018 20:03

Tomorrow will be interesting though as first opportunity for many to sell/re-short/cover shorts or buy straight. Can see an initial jump followed by reality.

[general george] 21/3/2018 20:00

I would think shorts would open, above a quid and i will

[general george] 21/3/2018 19:59

Shorts close?

Didnt u see the auction? Petered out rather quickly.
Ended at 87p. Any spike will be shorted i expect.

This isnt a gd deal lol

[whoknowswhoknowswhoknows] 21/3/2018 19:50

Yeah pluck a figure from the air for the starting price tomorrow. A short squeeze is almost certainly on the cards. What kind of jump do you think we would see if most of the 6% close?

[aendjo] 21/3/2018 19:40

Lots of shorts need closing fast though... but maybe profit takers will sell cheap. I’ve taken a big risk and will hold my stock until it gets to 80% of previously stated target price (i.e. in the 200s)

[topvest] 21/3/2018 19:38

Definitely a positive update. Looks like Interserve may well survive for now. The warrants are at 10p though! They may still need a cash call once the EFW issues are are resolved.

[ih_127877] 21/3/2018 19:24

Id say 140 tops tmw...

[losses] 21/3/2018 19:12

Nah 200p is pushing it... people need to digest the info so 200 next 6 months maybe.

[aendjo] 21/3/2018 18:53

...not “ramping”;; but I wonder if we’ll see 200p tomorrow? I might be wrong. Brick?

[losses] 21/3/2018 18:29

My long from 160p days was well under water... been averaging down for what seems years..£145k invested at average 95+pSo will be in profit soon not selling any under £2.

[h2owater] 21/3/2018 18:28

eaches Milestone On GBP291.6 Million Financing ABookmark this pageAlliance NewsInterserve Reaches Milestone On GBP291.6 Million Financing AgreementWed, 21st Mar 2018 18:15LONDON (Alliance News) - Interserve PLC said on Wednesday that it reached an agreement with lenders and other financial stakeholders on major commercial terms as well as extended the covenant test deferral date to April 30.The stock was closed up 26% at 87.90 pence per share on Wednesday.The UK-based support services and construction company said it will receive GBP196.6 million in cash and up to GBP95.0 million through bonding facilities by September 2021.Interserve said it will use GBP45.0 million from "new facilities" to repay borrowings, which expire on April 30. Upon completion of the pay back, the company's total loan will be reduced to GBP834.0 million.The group expects the total interest expense in 2018 to come in at around GBP56.0 million of which about GBP34.0 million will be cash interest. In addition, it anticipates the cost of bonding instruments at around GBP3.2 million, of which the cash impact is less than GBP1.0 million.Interserve said it assumes to issue warrants to the providers of the new cash and bonding facilities to buy shares at 10.00 pence each.Interserve Chief Executive Officer Debbie White said: "Today's announcement is a significant milestone for Interserve and a major step in securing a firm financial platform to underpin the group's future. We are encouraged by the support from our lenders in respect of these new facilities, which will allow the new management team to execute our business plan, focused on delivering a great service for customers, driving growth and restoring value."